A Firm's Internal Environment Does NOT Include ________

question 80

Multiple Choice

A firm's internal environment does NOT include ________.

• A) its employees
• B) its internal stakeholders
• C) its financial capital
• D) its brands
• E) elements of the legal environment

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Definitions:

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating how much tax will be paid on an additional dollar of income.

Average Tax Rate

The percentage of total income that is paid as tax, calculated by dividing the total tax amount by the total income.

Marginal Tax Rate

The rate at which the next dollar of taxable income is taxed; refers to the percentage of tax applied to the last dollar earned.